USOIL on the 4h chart is testing the strong resistance level at the 112 area.
The price after the recent low started a higher high higher low move with the last retracement over the 0.5 and the 0.382 Fibonacci level
How can i approach this scenario?
I will wait for a potential break of the structure and if that happens i will look for a nice buy order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
The price after the recent low started a higher high higher low move with the last retracement over the 0.5 and the 0.382 Fibonacci level
How can i approach this scenario?
I will wait for a potential break of the structure and if that happens i will look for a nice buy order according to the Plancton's strategy rules.
-––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Comment:
as epxcted
Comment:
an almost 6% trade on this one
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a retest of the previous resistance now turned support
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a 7% call
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the market is testing the recent highs
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almost 9% call
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retesting the previous high
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after this 8.5% run we are looking for an upside continuation